Of economics and statistics: the “Gerschenkron effect”

The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what economists mean by “real” terms, the “Gerschenkron effect” does not exist at all.

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Published inPSL quarterly review Vol. 72; no. 290; pp. 195 - 205
Main Author Stefano Fenoaltea
Format Journal Article
LanguageEnglish
Published Associazione Economia civile 01.09.2019
Subjects
gerschenkron effect
measurement
production
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Abstract The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what economists mean by “real” terms, the “Gerschenkron effect” does not exist at all.
AbstractList The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what economists mean by “real” terms, the “Gerschenkron effect” does not exist at all.
Author Stefano Fenoaltea
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Snippet The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what...
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measurement
production
Title Of economics and statistics: the “Gerschenkron effect”
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